Canadian Packaging

Propurchaser: Metals on the rise


July 28, 2010
by Propurchaser

Industrial metals continued to make gains on Monday, July 26, lifted by a weaker greenback and better-than-expected US home sales data.

In New York, copper for September delivery gained 4.2 cents (1.3 percent) to close at $3.2230 per pound.

In London, copper for delivery in three months rose 1.7 percent to close at $3.2423 per pound.

Nickel climbed $445 (2.2 percent) to close at $20,795 per metric ton ($9.43 per pound).

Aluminum closed up $26 (1.3 percent) at $2,056 per metric ton (93.3 cents per pound).

And zinc gained $48 (2.5 percent) to close at $1,953 per metric ton (88.6 cents per pound).

This update was provided by Propurchaser.com. For-up-to-date commodity information and analysis in areas such as metals, natural resources and energy visit www.propurchaser.com/pb2b.

Purchasingb2b readers enjoy an extended 45-day free trial membership.